Market Overview:
The global bearing heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bearings in various industries, such as power generation, textile, papermaking, chemical industry, oil and gas, mechanical engineering and mining. In addition, the growing awareness about the benefits of using bearing heaters is also contributing to the growth of this market. The global bearing heater market can be segmented on the basis of type into portable bearing heaters and fixed bearing heaters. The portable Bearing Heater segment is expected to grow at a higher CAGR than that of fixed Bearing Heaters during the forecast period from 2018 to 2030 owing to its advantages such as easy installation and portability. On the basis of application,the global Bearing Heater Market can be divided into six segments: power generation; textile; papermaking; chemical industry; oil and gas exploration & production (E&P); mechanical engineering & mining ; others (including food processing plants etc.). Among these segments ,the power generation sector accounts for maximum share in terms of revenue contribution followed by textiles sector . However ,during th eforecast period from 2018-2030 ,oil an dgas exploration & production (E&P) segmen tis projectedto witness highest CAGR due t oincreasing demand for bearingsin upstream activities relatedto hydrocarbons extraction .
Product Definition:
Bearing Heaters are used to heat bearings in order to help them start moving or to keep them moving. Bearing heaters are important because they help reduce wear and tear on the bearings, which can lead to longer life for the bearings and less down time for machines.
Portable Bearing Heater:
A portable bearing heater is a heat exchanger that is used to heat the bearings in order to eliminate the moisture that has gathered on them. Moisture on the bearings will cause corrosion which may eventually lead to failure of the equipment. The portable bearing heaters are easy to install and can be operated without any technical support, they are also very cost-effective as compared with other heating solutions such as drying ovens or hot air guns.
Fixed Bearing Heater:
Fixed bearing heaters are used in bearings to provide thermal stability and resistance from corrosion. They help in maintaining the temperature of the rolling element, which helps reduce friction and increases efficiency.
The fixed-bearing heater is a small device that generates heat by electricity or fuel; it is usually mounted directly on the rotor or gearbox of a machine.
Application Insights:
The power generation segment dominated the global bearing heaters market in 2017. The application is projected to witness significant growth over the forecast period owing to rising demand for electricity from various end-use industries, such as residential and commercial buildings, automotive and transportation, industrial applications.
The textile industry is one of the major consumers of steam produced by these devices. It is used for cleaning machines and equipment that use natural fabrics such as cotton and linen. These products are also used in papermaking plants where they provide a consistent temperature required for processing pulp fibers into paper sheets or towels using high-pressure boilers with superheaters.
Regional Analysis:
Asia Pacific dominated the global bearing heaters market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of industries that use machinery for heating purposes, which drives demand for efficient heating equipment. China, India, Japan and South Korea are some of the major countries where regional demand is high owing to growing industrialization coupled with increasing per capita income levels.
The Asia Pacific region also has a large number of small-scale manufacturers who cater to domestic markets; hence driving product adoption across various end-use industries. Furthermore, favorable government policies aimed at promoting energy efficiency in residential as well as commercial sectors are anticipated to drive product demand over the forecast period.
Europe accounted for more than 20% share in 2017 owing to rising R&D investments by industry players along with technological advancements witnessed in bearing design.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing demand for energy-efficient bearing heaters
- Rising popularity of electric vehicles
- Technological advancements in bearing heaters
- Growing awareness about the benefits of using bearing heaters
Scope Of The Report
Report Attributes
Report Details
Report Title
Bearing Heaters Market Research Report
By Type
Portable Bearing Heater, Fixed Bearing Heater
By Application
Power Generation, Textile, Papermaking, Chemical Industry, Oil and Gas, Mechanical, Mining, Others
By Companies
Honeywell, Bosch, Bessey, Shinko, A. O. Smith, Marathon Electric, Wurtec, Simatec, SKF, Honeywell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Bearing Heaters Market Report Segments:
The global Bearing Heaters market is segmented on the basis of:
Types
Portable Bearing Heater, Fixed Bearing Heater
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Textile, Papermaking, Chemical Industry, Oil and Gas, Mechanical, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Bosch
- Bessey
- Shinko
- A. O. Smith
- Marathon Electric
- Wurtec
- Simatec
- SKF
- Honeywell
Highlights of The Bearing Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Bearing Heater
- Fixed Bearing Heater
- By Application:
- Power Generation
- Textile
- Papermaking
- Chemical Industry
- Oil and Gas
- Mechanical
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bearing Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bearing Heaters are used to heat metal parts in a machine. They work by moving the metal around so that it can get hot enough to melt.
Some of the major players in the bearing heaters market are Honeywell, Bosch, Bessey, Shinko, A. O. Smith, Marathon Electric, Wurtec, Simatec, SKF, Honeywell.
The bearing heaters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bearing Heaters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bearing Heaters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bearing Heaters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bearing Heaters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bearing Heaters Market Size & Forecast, 2020-2028 4.5.1 Bearing Heaters Market Size and Y-o-Y Growth 4.5.2 Bearing Heaters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable Bearing Heater
5.2.2 Fixed Bearing Heater
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Textile
6.2.3 Papermaking
6.2.4 Chemical Industry
6.2.5 Oil and Gas
6.2.6 Mechanical
6.2.7 Mining
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bearing Heaters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bearing Heaters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable Bearing Heater
9.6.2 Fixed Bearing Heater
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Textile
9.10.3 Papermaking
9.10.4 Chemical Industry
9.10.5 Oil and Gas
9.10.6 Mechanical
9.10.7 Mining
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable Bearing Heater
10.6.2 Fixed Bearing Heater
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Textile
10.10.3 Papermaking
10.10.4 Chemical Industry
10.10.5 Oil and Gas
10.10.6 Mechanical
10.10.7 Mining
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable Bearing Heater
11.6.2 Fixed Bearing Heater
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Textile
11.10.3 Papermaking
11.10.4 Chemical Industry
11.10.5 Oil and Gas
11.10.6 Mechanical
11.10.7 Mining
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable Bearing Heater
12.6.2 Fixed Bearing Heater
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Textile
12.10.3 Papermaking
12.10.4 Chemical Industry
12.10.5 Oil and Gas
12.10.6 Mechanical
12.10.7 Mining
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable Bearing Heater
13.6.2 Fixed Bearing Heater
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Textile
13.10.3 Papermaking
13.10.4 Chemical Industry
13.10.5 Oil and Gas
13.10.6 Mechanical
13.10.7 Mining
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bearing Heaters Market: Competitive Dashboard
14.2 Global Bearing Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Bosch
14.3.3 Bessey
14.3.4 Shinko
14.3.5 A. O. Smith
14.3.6 Marathon Electric
14.3.7 Wurtec
14.3.8 Simatec
14.3.9 SKF
14.3.10 Honeywell